03.05.06-Quảng Hưng Group

Mrs. Hòa works in agriculture, farming poultry and cattle. She is requesting a loan to purchase baby livestock to raise and sell in the future.

Hòa is 55 years old and is married with 1 child.
Hòa is the group leader of the 03.05.06-Quảng Hưng solidarity group, which consists of 3 members.
Her child is grown so Hòa lives with no dependents in Thanh Hoa City, a urban town in Thanh Hoa province.

This is Hòa’s first loan with Thanh Hoa Fund of Poor Women.
Hòa has been involved in this business for more than 10 years.
The main harship that Hòa faces in her business is the lack of capital.
With her business profits, Hòa hopes for her child to find a good job, to remodel her house, and for her business to do well.

Additional Information

About Thanh Hoa Fund for Poor Women (FPW)

Thanh Hoa Fund for Poor Women (FPW) works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution's target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, FPW prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.